McAfee to Acquire MX Logic
McAfee (NYSE:MFE) today announced that it has entered into a definitive agreement to acquire privately owned MX Logic for approximately $140 million in cash at closing, with an earn-out of up to an additional $30 million in cash if certain performance targets are met. MX Logic is a global provider of cloud-based email and Web security, and email archiving and continuity services. Adding MX Logic’s technologies and services will provide McAfee with the most comprehensive cloud-based security portfolio in the industry, one that combines leading global threat intelligence technologies from McAfee with its Security-as-a-Service solutions.
Today, MX Logic protects 40,000 customers with more than 4 million end users with email and Web security and email archiving and continuity services. Its 1,800 partners provide a strong Security SaaS partner ecosystem that can now cross sell McAfee Security SaaS solutions and develop co-branded and bundled offerings. MX Logic owns data centers in Asia Pacific, EMEA, Japan, and the United States that can protect a geographically dispersed customer base with the capacity to expand into new customer segments and global markets
“The acquisition of MX Logic will reinforce our position as a leader in Security-as-a-Service, and brings world-class email and Web defense, including archiving and business continuity services, extending our proven expertise in providing cloud-based services to our customers,” said Dave DeWalt, president and CEO, McAfee. “MX Logic aligns with the McAfee vision to lead Security SaaS by bringing industry-leading technologies and a strong partner ecosystem.”
Following completion of the proposed acquisition, McAfee will offer the most comprehensive and dedicated security portfolio in the market with the broadest set of delivery options including appliances, software, in the cloud, or hybrid deployments. This approach will give businesses in all market segments the flexibility to purchase these solutions as standalone offerings or to mix and match these deployment choices to meet their exact needs.
“We view McAfee as the leading dedicated security company and a pioneer in Security-as-a-Service,” said John Street, chairman and CEO, MX Logic. “We will now be even better equipped to help our customers address the complex challenges associated with blocking spam, phishing scams, viruses in the cloud, and enforcing email policies to prevent sensitive data leaks.”
Following the closing of the proposed acquisition, the MX Logic team will report to the McAfee Software-as-a-Service business unit, headed by Marc Olesen, SVP and GM.
The acquisition is expected to close in the third quarter of 2009, contingent upon regulatory approval and other customary closing conditions. For additional information, please reference the acquisition landing page at http://www.mcafee.com/us/about/corporate/mcafee_mxlogic.html and the McAfee Security Insights Blog at http://siblog.McAfee.com/.
About McAfee
McAfee, headquartered in Santa Clara, CA, is the world's largest dedicated security technology company. McAfee is committed to relentlessly tackling the world's toughest security challenges. The company delivers proactive and proven solutions and services that help secure systems and networks around the world, allowing users to safely connect to the Internet, browse and shop the web more securely. Backed by an award-winning research team, McAfee creates innovative products that empower home users, businesses, the public sector and service providers by enabling them to prove compliance with regulations, protect data, prevent disruptions, identify vulnerabilities, and continuously monitor and improve their security. http://www.mcafee.com.
About MX Logic
MX Logic is a leading global provider of managed email and Web security, archiving, and business continuity services that deliver enterprise-grade performance without enterprise-level complexity and cost. Its easy-to-use, award-winning services reduce risk and liability, lower overall IT costs, and increase productivity. MX Logic services are available through its industry-leading partner network. For more information, visit www.MXLogic.com.
Today, MX Logic protects 40,000 customers with more than 4 million end users with email and Web security and email archiving and continuity services. Its 1,800 partners provide a strong Security SaaS partner ecosystem that can now cross sell McAfee Security SaaS solutions and develop co-branded and bundled offerings. MX Logic owns data centers in Asia Pacific, EMEA, Japan, and the United States that can protect a geographically dispersed customer base with the capacity to expand into new customer segments and global markets
“The acquisition of MX Logic will reinforce our position as a leader in Security-as-a-Service, and brings world-class email and Web defense, including archiving and business continuity services, extending our proven expertise in providing cloud-based services to our customers,” said Dave DeWalt, president and CEO, McAfee. “MX Logic aligns with the McAfee vision to lead Security SaaS by bringing industry-leading technologies and a strong partner ecosystem.”
Following completion of the proposed acquisition, McAfee will offer the most comprehensive and dedicated security portfolio in the market with the broadest set of delivery options including appliances, software, in the cloud, or hybrid deployments. This approach will give businesses in all market segments the flexibility to purchase these solutions as standalone offerings or to mix and match these deployment choices to meet their exact needs.
“We view McAfee as the leading dedicated security company and a pioneer in Security-as-a-Service,” said John Street, chairman and CEO, MX Logic. “We will now be even better equipped to help our customers address the complex challenges associated with blocking spam, phishing scams, viruses in the cloud, and enforcing email policies to prevent sensitive data leaks.”
Following the closing of the proposed acquisition, the MX Logic team will report to the McAfee Software-as-a-Service business unit, headed by Marc Olesen, SVP and GM.
The acquisition is expected to close in the third quarter of 2009, contingent upon regulatory approval and other customary closing conditions. For additional information, please reference the acquisition landing page at http://www.mcafee.com/us/about/corporate/mcafee_mxlogic.html and the McAfee Security Insights Blog at http://siblog.McAfee.com/.
About McAfee
McAfee, headquartered in Santa Clara, CA, is the world's largest dedicated security technology company. McAfee is committed to relentlessly tackling the world's toughest security challenges. The company delivers proactive and proven solutions and services that help secure systems and networks around the world, allowing users to safely connect to the Internet, browse and shop the web more securely. Backed by an award-winning research team, McAfee creates innovative products that empower home users, businesses, the public sector and service providers by enabling them to prove compliance with regulations, protect data, prevent disruptions, identify vulnerabilities, and continuously monitor and improve their security. http://www.mcafee.com.
About MX Logic
MX Logic is a leading global provider of managed email and Web security, archiving, and business continuity services that deliver enterprise-grade performance without enterprise-level complexity and cost. Its easy-to-use, award-winning services reduce risk and liability, lower overall IT costs, and increase productivity. MX Logic services are available through its industry-leading partner network. For more information, visit www.MXLogic.com.